Originally posted by PurpleGorilla
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Vote Leave chief who created £350m NHS lie on bus admits leaving EU could be an error
Collapse
X
Collapse
-
-
Originally posted by AtW View PostHas UK Govt got audited accounts?
Oh and when you don't like that you see can FOI the crap out of the department and cause significant stress to those involved as a result.
not to mention we will also have parliamentary enquiries as well.Comment
-
Originally posted by BlasterBates View PostSo explanations for Spain and Ireland, but what about Romania and other countries outside the Euro? Plenty of economic recessions and bursted debt bubbles out there, Japan in the 1990's South-East Asia a few years later and of course Argentina, not to mention Russia.
You say the Irish would have raised interest rates, but why would they?, the US and the UK didn't when house prices were in a bubble, that is a theoretical argument that they could have done, but central banks use the RPI to set interest rates not asset prices. In any case there are much better ways to deflate asset bubbles than interest rates, where Ireland did have control, such as rules on how much debt can be issued and how it is covered. Germany doesn't have a housing bubble because of the rules, i.e. taxation and debt issuance.
Countries can mismanage their economies outside or inside the Euro, you can´t stop them doing it. Argentina mismanaged their economy by raising huge Dollar and DM debts and then even after their currency devalued and they'd defaulted simply took the opportunity to run it even further into the ground.
And house prices:
Comment
-
Originally posted by northernladyuk View PostThe UK isn't in the Eurozone.His heart is in the right place - shame we can't say the same about his brain...Comment
-
Originally posted by Mordac View PostI think it may only have been a matter of time. Bliar would have taken us in to the Euro in a heartbeat, it is supposedly one of the things he and Brown argued about most vociferously. All we'd need is a future Europhile PM, or a weak one who could be forced to join, and there'd be sweet FA we'd have been able to do about it.
I don't think anyone else will be in any hurry to join the Eurozone, at least not for a long time.Will work inside IR35. Or for food.Comment
-
Originally posted by Mordac View PostI think it may only have been a matter of time. Bliar would have taken us in to the Euro in a heartbeat, it is supposedly one of the things he and Brown argued about most vociferously. All we'd need is a future Europhile PM, or a weak one who could be forced to join, and there'd be sweet FA we'd have been able to do about it.Comment
-
Originally posted by bobspud View PostYesComment
-
Originally posted by Mordac View PostI think it may only have been a matter of time. Bliar would have taken us in to the Euro in a heartbeat, it is supposedly one of the things he and Brown argued about most vociferously. All we'd need is a future Europhile PM, or a weak one who could be forced to join, and there'd be sweet FA we'd have been able to do about it.Comment
-
Originally posted by northernladyuk View PostThe Irish house bubble / crash far exceeded the UK one, yet look at the interest rates that Ireland was stuck with because of Eurozone membership, in comparison to the UK response. It is madness for countries to give up their ability to adjust interest rates or manage money supply, or do you think they're not useful tools?
And house prices:
The Roots of Ireland’s Debt Crisis « Anglo: Not Our Debt
This reckless splurge was facilitated by liberalised lending practices across the EU and by lax cross-border regulation of the financial sector.The Irish authorities also contributed to the property bubble with a range of tax incentives to property development and lax oversight of the financial sector – the Department of Finance, the Irish Central Bank and the Financial Regulator were all negligent in this regard.
The Irish authorities had it in their power to control it. Germany was also exposed to "reckless splurge was facilitated by liberalised lending practices across the EU and by lax cross-border regulation of the financial sector" indeed was the UK who were not in the Euro.
Ireland are not exiting the Euro because they know they can avoid it in future with their own prudent economic policies. If the Euro was the cause of all these problems they would now be dismantling it or countries would be leaving it. The fact is the Euro provides every country in the Eurozone with longterm lower interest rates than they would have outside. To argue against not adopting the Euro is equivalent to arguing that a pay rise is bad because irresponsible employees will go and gamble it in the casino. A pay rise is not a bad thing, it is a good thing but it does need to be put in the hands of responsible people, and the answer is not to put the pay down again but for employees to learn to be more responsible. Countries who have adopted the Euro have the ability to grow faster than countries outside, in the same way that the US has. That is exactly why the Euro was adopted.Last edited by BlasterBates; 5 July 2017, 12:00.I'm alright JackComment
-
Originally posted by AtW View PostNorway got oil and gas which is critical for EU, they also got that deal long time agoComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment